Finance Bill Conference Tackles Ratings, Investors

Law360, New York (June 15, 2010, 6:22 PM EDT) -- Members of a bicameral congressional committee began amending a reconciled final report on financial regulatory reform legislation Tuesday, considering measures that aimed to reduce investors' reliance on credit ratings and ramp up oversight of private equity advisers.

The senior members of the U.S. House of Representatives and Senate financial committees are beginning their long slog to reconcile two versions of H.R. 4173, the Wall Street Reform and Consumer Protection Act, recently passed in their respective chambers.

Conferees are tackling the massive bill on a title-by-title basis,...
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